Accounting and finance Modules

Subsidiary ledger

Subsidiary ledger

  • Data collection for each transaction (premiums written, collections, commissions, compensations, reserves, reinsurance)
  • Support of analytical accounts based on accounting plans defined
  • Synthetic records generation to general ledger
  • Support for End of Day process – current operations performance and dynamic reporting
  • Support for End of Month process – linking business operations with account posting
Premiums and settlements

Premiums and settlements

  • Definition of premium amounts for applications, policies and certificates
  • Collection management, reclassification and returns
  • Sum insured and premium reserves service
  • Automatic identification of premium collection with policy account and allocation on each risk
Commission and sales structure

Commission and sales structure

  • Definition of sales channels and commission models
  • Groupable structure of dispersal sales
  • Commissions’ calculation
  • Remuneration payments and return service
  • Support for many commission beneficiaries
  • Automation of commission corrections in case of untimely closing of policy
Calculation engine

Calculation engine

  • Calculation engine – a complex tool for all types of calculation
  • Support for calculation procedures for reserves, discounts and non-standard commissions
  • Creating new calculation procedures without vendor support
  • Handling control-checks calculation for co-insurance products

Contact us

ALTKOM SOFTWARE & CONSULTING Sp. z o.o.

Chłodna Street 51, 00-867 Warsaw, Poland

Phone: (+48) 22 460 99 31

E-mail: whitelabel@altkom.pl